4//SEC Filing
KERBY WILLIAM 4
Accession 0001580695-21-000254
CIK 0001372183other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 4:25 PM ET
Size
22.6 KB
Accession
0001580695-21-000254
Insider Transaction Report
Form 4
KERBY WILLIAM
DirectorCEO & VC of the Board of Dir.10% Owner
Transactions
- Award
Stock Bonus Option
2021-04-07Exercise: $3.02From: 2021-04-07→ Common Stock (132,450 underlying) - Award
Convertible Promissory Note
2021-06-30$430889.00/shExercise: $3.02From: 2021-07-06→ Common Stock (142,678 underlying) - Other
Stock Bonus Option
2021-04-07Exercise: $3.02From: 2021-04-07→ Common Stock (33,112 underlying) - Other
Stock Bonus Option
2021-04-28Exercise: $3.02From: 2021-04-07→ Common Stock (49,669 underlying) - Other
Common Stock
2021-06-30−1,968,000→ 0 total(indirect: See footnote) - Other
Convertible Promissory Note
2021-09-30Exercise: $3.02From: 2021-07-06→ Common Stock (16,556 underlying) - Other
Stock Bonus Option
2021-05-16→ 0 totalExercise: $3.02From: 2021-04-07→ Common Stock (49,669 underlying)
Holdings
- 80,000(indirect: By LLC)
Common Stock
- 670,872
Common Stock
Footnotes (10)
- [F1]The Reporting Person had the right to vote these shares held by IDS, Inc. ("IDS") pursuant to the terms of a May 18, 2021, Shareholder Voting and Representation Agreement between the Issuer, the Reporting Person and IDS (the "Voting Agreement"). Pursuant to the Voting Agreement, IDS provided Mr. Kerby the right to, and an irrevocable proxy to, vote all of the IDS Shares held by IDS at any meeting of stockholders of the Company and/or via any written consent of stockholders of the Company.
- [F10]On August 30, 2021, a total of $50,000 of the Convertible Promissory Note was repaid by the Company in cash.
- [F2]Mr. Kerby's rights to vote the IDS Shares terminated automatically on June 30, 2021, upon the closing of the Company's acquisition of HotPlay Enterprise Limited.
- [F3]No shares were sold or transferred by Mr. Kerby and this section of the Form 4 only reports the termination of his prior voting rights under the Voting Agreement.
- [F4]The Reporting Person owns 100% of In-Room Retail Systems, LLC and is deemed to beneficially own the securities held by such entity.
- [F5]On April 7, 2021, the board of directors of the Issuer, awarded Mr. Kerby a discretionary bonus for fiscal 2021 of $400,000, which was payable in cash or shares of common stock, at Mr. Kerby's option, at a price of $3.02 per share, the closing sales price of the Company's common stock on the date the board of directors approved such bonus (the "Stock Bonus Option"). Exempt from Section 16(b) pursuant to Rule 16b-3.
- [F6]No expiration date.
- [F7]On April 7, 2021, April 28, 2021, and May 16, 2021, Mr. Kerby elected to receive cash in connection with the bonus of $100,000, $150,000, and $150,000, respectively, reducing and terminating the Stock Bonus Option.
- [F8]Acquired on April 8, 2021, in exchange for accrued Series A Preferred Stock dividends in the same amount. Convertible upon the closing of the Registrant's share exchange agreement with HotPlay Enterprise Limited and its stockholders (the "Exchange"), which closed on June 30, 2021. Accrues interest at the rate of 12% per annum, compounded monthly at the end of each calendar month. Convertible, at the option of the holder thereof at any time beginning 7 days after the closing of the Exchange, at $3.02 per share. Exempt from Section 16(b) pursuant to Rule 16b-3.
- [F9]Convertible Note matures on April 7, 2022.
Issuer
NextPlay Technologies Inc.
CIK 0001372183
Entity typeother
Related Parties
1- filerCIK 0001447019
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 4:25 PM ET
- Size
- 22.6 KB